PE-VC Fund Investments
Edtech startup SpeakX raises $11-M from Elevation, WestBridge, others
Gurugram-based SpeakX (erstwhile Yellow Class) has raised USD 11 million (approx. INR 96 crore) in a Pre-Series B round from WestBridge Capital and existing investor Elevation Capital by issuing 42,974 Pre-Series B3 compulsorily convertible preference shares (CCPS).Earlier this month, the startup bagged INR 26.24 crore as part of the first tranche of its Pre-Series B round led by Elevation Capital. The round also saw participation from Breadlake Ventures and angel investors, including Charles Songhurst, Ashish Jain and Siddharth Kohli.SpeakX was founded by Arpit Mittal and Anshul Gupta in 2020. Operating under the name Yellow Class, the startup initially offered free extracurricular and co-curricular classes for children in the 3-12 years’ age group across over 40 categories.
Between Nov 2020 and Aug 2021, SpeakX had attracted about USD 7 M from Elevation Capital, Goodwater Capital, India Quotient.
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